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Cyprus Tourism Slump Seen Narrowing As Year-End Forecast Improves

Cyprus’ tourism downturn is expected to ease further before the end of the year, with arrivals now forecast to finish around 5 per cent below 2025 levels, according to Tourism Deputy Minister Kostas Koumis.

The latest data from the statistical service, Cystat, show that tourist arrivals reached 2,820,649 between January and August, a 7 per cent decline compared with the same period last year. That marks an improvement from the 8 per cent drop recorded through the first seven months.

Strong Start, Sudden Disruption

Speaking at the inauguration of new cycling routes in Troulloi, Aradippou, Koumis said the year began on a notably strong note, with January and February each posting record results for their respective months.

“We had the best January and the best February we have ever had,” he said, before pointing to the sharp reversal in March, when instability in the Middle East disrupted air travel to and from Cyprus.

According to Koumis, about 70 per cent of flight programmes serving Cyprus were cancelled indefinitely overnight, forcing the government and the Tourism Deputy Ministry to respond to what he described as one of the most serious crises the sector has faced in decades.

Protecting Air Connectivity

March and April were particularly difficult, he said, as uncertainty over flight availability weighed heavily on visitor numbers and left the sector facing a far weaker spring than expected.

In response, much of the government’s effort shifted toward preserving air connectivity. Authorities worked to persuade airlines to maintain their Cyprus schedules while also engaging tour operators and organisers focused on niche tourism to keep the island in their programmes.

Several months later, Koumis said that strategy had delivered results. “Looking back, we can say that we succeeded,” he said.

The Numbers Show A Gradual Recovery

The improvement is visible in the data. During the first four months of the year, the industry was tracking a decline of around 18 per cent. By the end of July, that gap had narrowed to 8 per cent, and the latest August figures reduced the eight-month drop further to 7 per cent.

August alone recorded 581,880 tourist arrivals, down 3.3 per cent from 602,026 a year earlier, though still 4.9 per cent higher than August 2024.

Koumis said he expects the shortfall to narrow again over the remaining months of the year, adding that “by the end of the year we will be talking about a decline of around 5 per cent”.

He noted that a contraction of that scale can occur in any sector without necessarily signalling a deeper structural issue.

Industry Support Remains Central

Koumis also thanked tourism bodies for their support during the disruption, saying the government and the private sector would continue working together to improve the year-end outcome.

AI In Practice Brings Business Leaders Together To Learn, Unlearn And Relearn

AI in Practice: Changing the Future of Business takes place on Monday, 19 October 2026, at the Cultural Center of European University Cyprus in Nicosia, under the auspices of the Chief Scientist of Cyprus, Demetris Skourides.

Organised by Panis.News with co-organisers GrantXpert Consulting and Future Skills Hub at European University Cyprus, the event will bring together founders, SME owners and senior executives to examine practical uses of artificial intelligence.

The evening runs from 18:00 to 22:30. Tickets will be available until 12:00 noon on Monday, 19 October, Cyprus time.

For business leaders, the challenge is deciding where AI can deliver results. The programme will explore how to identify useful applications, prepare teams and connect technology investment with business needs. Demonstrations, case studies and direct questions to speakers will help attendees assess their next steps.

Panis Pieri, Founder of Panis.News, said:

“Business leaders need space to ask questions, challenge assumptions and learn from people applying AI. We created AI in Practice to make that conversation accessible and useful. We want attendees to leave with a clearer idea of what they can do next in their own businesses.”

Dr Celia Hadjichristodoulou, Founder and Managing Director of GrantXpert Consulting and Future Skills Hub, said:

“Working out where AI belongs in your business takes real thought about your customers, your processes and your people.”

AIA.Labs supports the event as the Gold Partner. Its founder, Sotiris Makrygiannis, said:

“In the 70s we learnt how to punch a card to go to work or program a timesharing computing machine, in the 80s the personal PC and office tools, in the 90s the modem and basic internet, in the 2000s mobile internet plus web shopping, and by 2010 the mobile apps. Now it’s time to learn how to practically use AI and that alone is the most disruptive thing an individual can do today. We are happy to sponsor the event because theory needs a practical application.”

The Agenda

– 18:00–18:30: Registration and networking.

– 18:30–18:50: Welcome remarks from Panis Pieri, Dr Celia Hadjichristodoulou and EUC Rector Professor Loizos Symeou.

– 18:50–19:00: Interview with Chief Scientist Demetris Skourides.

– 19:00–19:20: The AI Revolution. Why should you care? by Monica Odysseos, Head of AI and Data Lab of Grant Thornton.

– 19:20–19:40: From Business Pain Points to AI Transformation: A CEO’s Roadmap to Real Results by George Malekkos, CEO of POWERSOFT Computer Solutions & AI-Driven Business Transformation Architect & President of CITEA.

– 19:40–20:20: AI and the Future of Business: Will Your Business Be Here in 2030? by Paris Thomas, Executive Advisor on AI & Strategy, Founder at Rapid Visual / Strapivo

– 20:20–21:00: Questions and answers with the speakers.

– 21:00–22:30: Networking over drinks and bites.

The Challenge

The evening’s programme approaches the challenge from three directions.

Monica Odysseos will begin with a question that deserves a clear answer: why should you care?

Her session will explore how AI is changing the way people work, make decisions and create. Her background spans software development, accounting and applied AI, bringing both technical and business perspectives to the discussion.

George Malekkos will then examine how business problems can become starting points for AI adoption.

Where does your company lose time? Which processes cause delays? Where could you improve the customer experience?

His presentation will look at selecting useful applications, preparing teams and processes, and measuring results. For a business owner deciding where to begin, that connection between a specific problem and a measurable outcome matters.

Paris Thomas will take the discussion further with his keynote, “AI and the Future of Business: Will Your Business Be Here in 2030?”

It is a challenging question. It asks leaders to look beyond today’s workload and consider how their products, services and business models might need to change.

His hour-long session will include live AI demonstrations and enterprise case studies. It will explore how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

The Event

The event will be in English.

The full programme and to book your tickets, visit: https://luma.com/ai-in-practice-cyprus

The organisers thank:

  • Silver Partners Growth Hacking Cyprus, RSEVEN, Mel’s Digital and Makkas Winery.
  • Supporters: Cyprus Computer Society, XValley Tech, Business Society Accelerator, Startup School Cyprus and Carierista.
  • Community Partners: EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece, ECECT, CITEA, IET Cyprus and Cyprus_IT

Follow updates about the event on social media at #PanisMeetups

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